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3908 S Budlong Avenue, Los Angeles, California 90037, Los Angeles, 90037 - bed, bath

3908 S Budlong Avenue, Los Angeles, California 90037 home-pic-0
ACTIVE$799,000
3908 S Budlong Avenue, Los Angeles, California 90037
0Bed
0Bath
2,027Sqft
3,847Lot
Year Built
1931
Close
-
List price
$799K
Original List price
$953K
Price/Sqft
$394
HOA
-
Days on market
-
Sold On
-
MLS number
PF24238406
Home ConditionPoor
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $799.0K(30th), sqft - 2027(43th), beds - undefined(50th), baths - undefined(50th).

USC Neighborhood Duplex in Exposition Park! Introducing an Investment Opportunity to Own a Charming Multifamily Property. Each of the 2 Units Consist of 2 Bedrooms /1 Bath, Separate Gas and Electric Meters, and Laundry/Dryer Hook Ups. New Roof and New Water Heaters, a Rebuilt Front Staircase, and the Upstairs Unit Features a Small Balcony. The Property Sits on a Quiet Street Less than 1 Mile from USC in a Prime Rental Area of Los Angeles. This Gated Property has a 2 car garage in the Backyard. 1 Unit is Classified as Los Angeles Housing Department Section 8. Convenient Access to the Los Angeles Metro Station and the 110 Freeway. Close Proximity to the Los Angeles Memorial Coliseum, BMO Stadium, the New Lucas Museum, Exposition Park, and a Short Distance to the Staples Center. Drive by Only, Showing Subject to Accepted Offer. Please Do Not Disturb the Tenants.

Price History

Date
Event
Price
11/04/25
Price Change
$799,000
12/23/24
Listing
$953,000
10/18/21
Sold
$675,000
05/18/21
Sold
$525,000
Condition Rating
Poor
Built in 1931, this property is very old. While the description mentions a new roof, new water heaters, and a rebuilt front staircase, these are maintenance items and do not constitute a comprehensive renovation of the living spaces. The images reveal significantly dated and worn interiors, particularly in the kitchen and bathroom. The kitchen features older wooden cabinets, and the bathroom has basic, aged white tiling and fixtures. Flooring appears worn. The property requires substantial rehabilitation and updates to the kitchen, bathrooms, and potentially other major systems (electrical, plumbing) to meet modern standards and comfort, aligning with the 'poor' condition criteria.
Pros & Cons

Pros

Prime Rental Location: Situated less than 1 mile from USC in Exposition Park, with convenient access to the Metro, 110 Freeway, and major attractions like the Coliseum, BMO Stadium, and Lucas Museum, ensuring high rental demand.
Strong Investment Opportunity: As a duplex with two 2-bedroom/1-bath units, separate gas/electric meters, and laundry hookups, it offers excellent potential for consistent rental income and cash flow.
Recent Capital Improvements: Key updates including a new roof, new water heaters, and a rebuilt front staircase reduce immediate maintenance concerns and capital expenditures for a new owner.
Valuable Parking & Security: The gated property features a 2-car garage in the backyard, a significant amenity that enhances tenant appeal and property value in a dense urban environment.
Desirable Unit Configuration: Each unit offers a practical 2-bedroom/1-bath layout, which is highly sought after by renters, contributing to stable occupancy rates.

Cons

Highly Restricted Showing Access: The 'Drive by Only, Showing Subject to Accepted Offer' policy, coupled with 'Do Not Disturb the Tenants,' severely limits buyer due diligence and can deter potential offers.
Significant Price Reduction: A substantial price drop from $953,000 to $799,000 suggests initial overpricing or market resistance, potentially raising questions about the property's true market value.
Tenant Occupancy & Section 8 Unit: Existing tenants, including one Section 8 unit, can complicate the transaction, limit flexibility for a new owner (e.g., rent adjustments, owner-occupancy), and require adherence to specific housing regulations.

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